South KoreaHánguó韩国the police / police authoritiesjǐngfāng警方regarding / in connection withjiù就IPO fraud / listing fraudshàngshì qīzhà上市欺诈allegations / chargeszhǐkòng指控to apply for / to seekshēnqǐng申请arrest / to arrestdàibǔ逮捕HYBE (South Korean entertainment company)HYBEHYBEfounderchuàngshǐ rén创始人Bang Si-hyuk (HYBE founder)Fáng Shíhè房时赫。
April 21, 2026 at 11:00 AM
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Lifestyle & CultureSouth Korean Police Seek Arrest Warrant for HYBE Founder Bang Si-hyuk Over IPO Fraud Allegations
South Korean police have applied to a court to arrest HYBE founder and chairman Bang Si-hyuk, alleging he misled early investors and gained improper profits through a related fund during the company IPO.
South Korean police applied to Seoul court for the arrest of HYBE entertainment company founder and chairman Bang Si-hyuk over alleged IPO fraud accusations. Police allege that Bang Si-hyuk misled early-stage investors during HYBE's initial public offering and obtained improper profits through affiliated private equity funds. HYBE is one of South Korea's largest entertainment companies, managing well-known K-pop artists including BTS. Bang Si-hyuk denied all allegations, with his attorney claiming the police investigation lacks evidence supporting the charges. The court will decide whether to approve the arrest warrant after reviewing the application.
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